Change - Announcement of Cessation::Announcement on Cessation of Chief Executive Officer.

Issuer & Securities

Issuer/ Manager
POWERMATIC DATA SYSTEMS LIMITED
Securities
POWERMATIC DATA SYSTEMS LTD - SG1BF0000003 - BCY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
17-Jun-2025 17:56:19
Status
New
Announcement Sub Title
Announcement on Cessation of Chief Executive Officer.
Announcement Reference
SG250617OTHRKXJV
Submitted By (Co./ Ind. Name)
Dr Chen Mun
Designation
Chairman
Description (Please provide a detailed description of the event in the box below)
Announcement on Cessation of Chief Executive Officer.

Additional Details

Name Of Person
Jason Tao Ping
Age
49
Is effective date of cessation known?
Yes
If yes, please provide the date
30/06/2025
Detailed Reason (s) for cessation
Cessation with notice under contract.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
03/01/2025
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
4
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Chief Executive Officer
Role and responsibilities
Responsible for formulating and implementing strategies for market expansion and revenue growth towards the principal business - wireless connectivity business.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
60,252 Restricted Stock (Share) Units will be converted to cash upon cessation or at a date mutually agreed.
Past (for the last 5 years)
None
Present
Principal Commitment:
Owner of Hubble Properties Inc - a private company set up in California to manage family owned real estates and investments